Dear friends,

Could anyone provide the tds chart for the financial year 12-13 in excel or and oother suitable formart including the necessary details in it.

Regards
Santosh Sharma
Accounts Executive

A person changed his job in the middle of a financial year, about 6-7 years back. He was issued Form 16 by both companies, one old and one new. Out of ignorance, he filed his tax return on the basis only of the form 16 issued by the second(new) company. The form 16 issued by the first company was inadvertently ignored.
The mistake has been realised recently. The discrepancy has not been pointed out by any enforcement department and may have passed un-noticed by them.
1)Should a revised tax return be filed now although this has not been demanded by the concerned Government department?
2)Will unpaid taxes have to be paid? Will interest/penalties be applicable on such unpaid taxes?
3)What are the repercussions if he takes no action until he receives an intimation/notice from the Govt. department?
4)Please advise best course of action under the circumstances.

tds last day is 7th of every month, but its paid in 13 th wat wil be the interest

Dear friends,

I just wanted to know if any quarterly or half yearly returns are applicable for TDS, and what are the due dates for quarterly and half yearly TDS return filing.

Please advice .

Thanks

Santosh

What is difference between Association of Person & Body of Individual, Artificail Judicial person, Charitable Trust, Co-op Society and detail difference of All consittution in a simple, easy and lucid language

A person worked in a company ABC for about 8 years. He resigned from this company and withdrew all his dues including Gratuity, Leave Encashment, etc.
He joined company XYZ for about two months. Now he wishes to re-join company ABC. My queries are regarding the EPF contribution in company ABC.
1) Will the contributions be credited to the old EPF account he had in ABC, prior to resigning from that company?
2) Will he have to open a new EPF account once he re-joins ABC? In this case, he will have two concurrent accounts in the same company and he will seek to transfer the corpus from the old account to the new.
3) What are the tax implications of this whole exercise?
4) What are the legal implications of this exercise?
5) What do you suggest as the best course of action?

Hello All Experts,

I have one query regarding paying of tax to government.
I have changed my company in middle of last financial year.
Both firms form 16 says nil taxable income.

Now when i am aggregating both form 16 amounts to ITR 1, it shows me tax to be paid of 2000.
Now how to pay this tax to government?
Which challan 280 or 281 or any other to filed?

Any help would be appreciated.
Thanks in Advance

We have a common Director in two of our related companies. Now for preparing Form 16, whether we have to show the details of deduction u/s 80C/D, for the payment made by Director in both the companies Form No. 16 or only in any one of the company.

For Eg :

SAlary from Co. A : 540000/-
SAlary from Co. B : 540000/-

LIC : 85000
PPF : 5000

Now for preparing Form 16, Deduction u/s 80C of Rs. 90000/- would be for the companies or only in single company.

Thank you.

An early reply will be appreciated.

Dear Sir/Mam,

I get a salary of 380000/-pa. & in the break down, i can tell u tht i am getting an HRA of 3041/-pm. Now if i want to show additional rent that i am paying in a rented house, how much can I declare upto? i mean how much can i get an exemption upto while calculating tax..

For the AY2007-08,the advance tax due on 15th September,2006 was not paid.Some amount was paid on 16th December2006 which was,however, short of60% tax due on 15th December,2006.The IT office has charged interest for 3 months.,for December,2006;Jan 2007&Feb,2007 ignoring the amount paid by me on 16th December,2006.As interest for default is to be calculated on monthly basis,I am of the opinion that the amount paid on 16.12.2006 should be taken into account for the calculation of interest ,at least, for the months of Jan,2007&Feb,2007.
Kindly advice.